Business & Finance
Phoenix Lake Preservation and Restoration Project on Display
Sealed proposals for the construction of the Phoenix Lake Preservation and Restoration Project will be received until Thursday, April 30, 2020, and will then be publicly opened and read, Tuolumne Utilities District said in their latest release. The Phoenix Lake Restoration and Preservation Project c
U.S. SEC closes Eni investigation
The U.S. Securities and Exchange Commission is closing its investigation into Eni related to its involvement into a license located offshore Nigeria as well as its activities in Congo.
TSHD River Thames Joins DEME Fleet
Royal IHC has successfully handed over the 2,500m³ trailing suction hopper dredger (TSHD) River Thames to DEME. The vessel, designed and build by IHC, is based on the 2,300m³ TSHD Lesse, delivered to Baggerbedrijf de Boer by IHC in 2019. The dredger is designed to maintain sea and inland waterways,
Baker Hughes sinks to $10 billion loss as impairment charges bite
Baker Hughes booked a huge impairment charge in the first quarter of the year resulting in a $10 billion loss for the quarter.
Singapore adds two bunker players, hangs tough during COVID-19
The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019. “These two new players will increase the supply of marine fuel that is compliant with the Intern
CEDA’s Statement on COVID-19 Outbreak
Since the outbreak of the COVID-19 virus, and the consequent containment measures taken by national governments, the dredging industry has adapted quickly to the changing circumstances in order to guarantee the safety of their employees, and the direct project environment, and ensure that important
Kobelco BM700 in Castletownbere
Dungiven, Northern Ireland-based Ideal Form Crane Hire has supplied a Kobelco BM700 to marine, civil engineering and building contractor Keating Construction for work on the expansion of the Dinish Wharf in Castletownbere, County Cork, Ireland. The €23 million (£19.95 million) expansion, which inclu
Minister Vrtovec Tours Port of Koper
During the Minister of Infrastructure Jernej Vrtovec’s recent visit to the Port of Koper, the management board of Luka Koper has introduced the latest info about their ongoing and future infrastructural projects to the minister. The ministerial delegation took an overview, among other things, of the
Qatar Petroleum inks huge China LNG carrier deal
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Hapag-Lloyd slashes its emissions by 50 percent, schedules boxship LNG conversion for Q4
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan
Spotlight on Sand Nourishment Plans for Stockton
City of Newcastle, NSW, said in their latest release that they have welcomed a long-term plan to address erosion at Stockton Beach using large-scale sand nourishment. Councils across NSW are preparing plans to manage coastal areas in line with the NSW Government’s Coastal Management Act 2016, with C
Seadrill fills board of directors seat
Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.
Vestas to lay off 400 people, close temporary offshore wind facility
Vestas will lay off around 400 employees on functions that do not directly support the wind turbine supplier’s 2020 deliveries.
Jadestone delays Australia infill wells following fresh capex cuts
Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the global crude oil benchmarks and the impact of the coronavirus crisis on global oil demand and potential for prolonged oversupply.